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Mortgage Resources for
February, 2007

Just Because You Can’t See It, Doesn’t Mean All is Well

Most buyers and sellers are familiar with the home inspection. But another type of inspection is growing in popularity and helping to save buyers from having to deal with big problems later on. ..

Housing Counsel: Selling Your Home May Be Tax Free

…In general, if you file a joint tax return with your spouse, you can exclude up to $500,000 of your profit ($250,000 if you file a separate return). ..

Large Residential Development Coming to North Austin

…Pearson Place will include 1,400 homes on 450 acres, with the remaining land earmarked for civic uses, retail and office space. The project’s residential portion is expected to cost nearly $275 million. ..

Spring Sales Set to Bloom Nationally, Experts agree

Existing home sellers can move with the markets faster than builders. They can lower prices and add improvements, whereas builders don’t tend to provide incentives until inventory is hanging around…

No Need To Pay More Green For ‘Green’ Homes

…A “green” home, built with sustainable and conservation-minded materials, designs and technology, uses less energy, water, and natural resources; creates less waste; and is healthier and more comfortable for the occupants than homes built otherwise…

TEXAS’ JOB GROWTH STRENGTHENS:

Austin Shows Impressive Upswing

900 CONDOS FOR DOWNTOWN AUSTIN

…will break ground this fall on a 35-story residential tower that will also provide a new home for the downtown post office. A second tower will follow…

Austin Scores In Top 5 of Luxury Real Estate Hubs

What do Austin and San Antonio have in common with Idaho and Provence, France? In the world of luxury real estate…

How To Rent Out Your House or Condo

When a rental property lands in your lap, should you hold or fold? Outsource the management or do it yourself? Are you ready for the tenants, toilets and trash?…

Real Estate Tax Information

…Mortgage Interest. Interest on mortgage loans on a first or second home is fully deductible, subject to the following limitations… Property taxes, both state and local, can be deducted. However, it should be noted that real estate taxes are only deductible in the year they are actually paid to the government. Thus, if last year you escrowed …

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